Crude oil reached new highs yesterday - however, a continued increase of production and the alleviation of disrupting events (such as the wildfires in Canada) could bring about a pullback
Well, right now it’s buy opportunity is there! I am actually waiting for retest entry point based on H1 intraday context! By the way, Crude Oil is my always favorite since I get higher accuracy here (more than 75%).
this is a topic and news from a year a go. but still the same is happening up until today, oil futures were still dragged down by oversupply. .. history has a strange way of repeating itself.
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